BitGo will provide custody services for StableX's $100 million stablecoin plan.

ZkProver · 2026-03-11T00:51:17+00:00

BitGo will provide digital asset custody and trading services for StableX Technologies to assist in its acquisition of up to $100 million in stablecoin-related cryptocurrencies. StableX's stock price rose on the news, and the company, which focuses on stablecoin infrastructure, has announced the purchase of multiple tokens.

ZkProver

2026-03-11 00:51:17

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ChainCatcher reports that, according to market sources, BitGo will provide custody and trading services for StableX Technologies’ digital asset treasury. The latter plans to acquire stablecoin-related cryptocurrencies valued at up to $100 million.

According to the announcement, BitGo Bank & Trust, N.A. will serve as the custodian for StableX’s digital assets, while BitGo’s trading platform will assist in executing the acquisition through its over-the-counter liquidity trading desk. StableX (SBLX) is a Nasdaq-listed company focused on stablecoin infrastructure and related technology. Following the news, its stock price surged by 9% intraday and closed up 1.6%. StableX has previously announced purchases of tokens such as FLUID and Chainlink’s LINK.

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